The initial public offering of American artificial intelligence firm Cerebras Systems may be delayed due to national security considerations regarding a planned investment by G42. According to a Reuters report, Cerebras’s IPO roadshow was scheduled for early next week, but the Committee on Foreign Investment in the United States has yet to complete its review...
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Category: North America
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G7 Representatives Address Potential AI Competition Concerns
Lina M. Khan, chair of the U.S. Federal Trade Commission, and other representatives of the G7 leading industrialized nations have issued a communiqué addressing potential concerns over fair competition on the use of artificial intelligence-enabled solutions. The document highlights competition authorities and policymakers’ role in addressing competitive threats and listed competition concerns identified by a...
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US Approves Potential $680M Sale of BAE Electronic Attack Mission System to Italy
The U.S. Department of State has approved a potential sale of the EA-37B electronic attack mission system to Italy valued at $680 million. In addition to the core EA-37B system, the proposed sale includes critical components such as Network Centric Collaborative Targeting systems, radio frequency receiver subsystems and software-defined radio subsystems, and secure communication and...
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Romania Secures US Approval for $110M Purchase of RTX Sentinel Radar Systems
The U.S. Department of State has approved Romania’s request to purchase four AN/MPQ-64 F1 Sentinel radar systems and related support equipment and services valued at a potential $110 million. According to a statement from the Defense Security Cooperation Agency, Tucson, Arizona-based defense contractor RTX is the principal contractor of the foreign military sale to Bucharest....
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Boeing Light Attack Helicopter for Thai Army Takes Maiden Flight at Arizona Production Site
Boeing has conducted the first flight of the AH-6 Little Bird light attack helicopter for delivery to the Royal Thai Army. The company will supply eight AH-6s to Thailand under a $103.7 million Foreign Military Sales contract that the U.S. Department of Defense awarded in February 2022. The contract includes Thai pilot training at Boeing's facilities in Mesa, Arizona, where the helicopters are under production. Thailand is the second international customer for the Little Bird helicopter. According to the defense contractor, the aircraft is integrated with advanced data processing technology, offering enhanced safety and situational awareness for faster decision-making.
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Redwire’s Onboard Computer to Power ESA’s Hera Asteroid Mission
Redwire has built an onboard computer system for the European Space Agency's Hera mission, Europe's first planetary defense initiative. Redwire's third-generation Advanced Data and Power Management System will control all vital spacecraft operations, including deploying and monitoring two companion cubesats for detailed surveys of NASA's Double Asteroid Redirection Test mission. Redwire's Belgian subsidiary developed the system under a contract with OHB Germany, the prime contractor for the Hera project.The Potomac Officers Club's 2024 GovCon International Summit on Thursday will convene key public and private sector leaders to discuss emerging technologies, the shifting landscape in space and the role of industry. Take part and register now.
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NATO DIANA Sets Up Regional Office in Canada
The NATO Defence Innovation Accelerator for the North Atlantic has opened its North American headquarters in Halifax, Nova Scotia. The inauguration ceremony was held on Tuesday and attended by Canadian government officials, including Jean-Yves Duclos, minister of public services and procurement. The office will house up to 25 international staff and be supported by Ottawa's initial investment of $26.6 million over six years. "As home to several major universities and research centers, hundreds of science and technology startups, and Canada's Atlantic naval fleet, Halifax is well-positioned to support DIANA, as well as innovators and industry across the country," Duclos said.
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SkyAlyne Taps CAE for Canadian Air Force Training Under $1.2B Contract
Global defense and security firm CAE has secured a 25-year subcontract worth $1.2 billion from SkyAlyne to support the Royal Canadian Air Force's Future Air Crew Training program. The contract's tasks include delivering training devices and services for the program involving live flights, simulation and ground school instructions. CAE also expects a follow-on order for maintenance support services apart from the initial subcontract. CAE President and CEO Marc Parent said the company's participation in FAcT will help support the mission readiness of the Canadian forces.
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Xage Security Boosts Global Expansion Goal in Two New Executive Appointments
Zero trust cybersecurity company Xage Security has named Russell McGuire its global chief revenue officer and Ashraf Daqqa its vice president for the Middle East, Turkey, and Africa. The new appointments affirm the Palo Alto, California-based technology company’s goal of broadening its market abroad, Xage said in a statement Monday. Commenting on the new appointments,...
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Oracle to Invest Over $6.5B in Malaysian Cloud Region
Oracle will invest over $6.5 billion to set up a public cloud region in Malaysia to support the growing demand for artificial intelligence and cloud services in the country and the region.The Texas-based tech firm said the new cloud infrastructure will help Malaysian organizations modernize their applications, transition workloads to the cloud, and encourage innovation...